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    XAG/USD: Fibonacci analysis on 14.10.2015

    A downward correction may continue.

    On the 4-hour chart, the key resistance level is still at 16.00. This month, the price has tested this level several times, but has not managed to break it out. At present, after one more failed attempt, another downward correction has started with the target levels of 15.65 (23.6% correction) and 15.39 (38.2% correction).

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